Levelling the field
Smaller brokers may be able to compete on level terms in personal lines after the introduction of new data enriching software
Recent announcements on data enrichment by software providers have raised the prospect of brokers finally seeing a more level playing field in personal lines.
Across the market, software houses have been entering into relationships with the likes of Insurance Initiatives Limited (IIL) and Lexis Nexis to build the technology that can call out to verify information at quote stage rather than at the point of inception or claim. One consequence of checking the data should be a reduction in fraud
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